Synnr

joined 2 years ago
[–] [email protected] 1 points 1 year ago

When gold was used as currency, it would be shaved off using a scale to confirm the weight (gold is a very soft metal, easily 'sliced' off the coin/bar. Shopkeepers had their own scales but wary customers could carry gold pocket scales to confirm the weight.

Just like you can spend fractions of a cryptocoin, you can spend fractions of a precious metal coin.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (2 children)
XMR PRICE

(2/4/24) $165

(4/13/24) $115

That's a 30% decrease in about 2 months. As an aside, 30% is the APR for most high-interest loans.

The idea is there, but something like DAI would be better to look at, although it remains to be seen how long crypto will be used and accessible (especially once CBDC rolls out and legislators getting even more heavy-handed with non-CBDC coins.)

[–] [email protected] 3 points 1 year ago (4 children)

The only way this would work is to peg it to fiat or commodity. Or expect that your ROI will either be nothing or an insane amount.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

FTA:

The key thing to note is that no observer can link two addresses together. However, it is possible for the sender to link payments together if the receiver re-uses addresses.

For example, if you withdraw from ExchangeA using AddressA, and then go on to issue another withdrawal from ExchangeA using AddressA, the exchange will easily be able to link these two withdrawals together by simply comparing the withdrawal addresses (even if you used different accounts). Furthermore, if ExchangeA is cooperating with ExchangeB, it would be possible for both exchanges to link address-reusing withdrawals together.

Additionally, even if the sender is not cooperating with other entities in order to link transactions together, it is still possible for the sender to unwittingly link transactions together if their software is poorly implemented and erroneously re-uses the same random data for multiple transactions. Basically, the receiver is relying on the sender to generate good random data in order to generate a one-time key. If the sender fails to use good random data, then the "one-time" key isn't "one-time", and transactions can possibly be linked.

So, for maximum protection against linkability, it's a good idea to generate a new addresses for transactions that you don't want linked.

Further reading: https://localmonero.co/knowledge/monero-subaddresses?language=en

I think this can easily be achieved by generating a new subaddress for every request. ( I don't know how OpenAlias works, maybe it already does this.)

[–] [email protected] 1 points 1 year ago (2 children)

Question. Does this somehow generate a new subaddress for every request? I ask because address reuse is dangerous for the privacy of monero. While most people don't know this, I assume you do.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

Chances are this is a kid or NEET and all his friend wants is a super simple website with basic info for his local business. Dad is either doing him a favor, or giving him some pocket change so he'll stop bothering him for money for a month. This is what happens when you don't teach your children to be adults, and give them everything instead. Seen it too many times.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

Based on this interaction alone and his dad deciding the price for him, I'm going to make the wildly assumptious assumption this is a 20s/30s(/40s?) unemploymed guy living at his dad's house rent free.

If my assumptions are incorrect, sorry mate, you did not win the dad lottery.

[–] [email protected] 6 points 1 year ago

Yeah but he's just a temporarily inconvenienced billionaire, the rest of these welfare queens are out here collecting rent and sitting around all day. They don't need the money like he does. As soon as he gets a job, he'll hustle that first billion in no time.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

His YouTube shorts (500/day goal) is videos of Elon musk saying things, with the background music alternating between the sigma male tune and the movie clip tune.

Did you see how ELON MUSK OWNED💯 DON LEMON by getting flustered at the question of "half your advertisers have left the platform, if X fails, isn't that on you?" so he told Don he should choose his words carefully because the interview clock only had 5 minutes left? And then Don was OWNED because he rephrased the question?

LMAO. SUCK IT CNN. OWNED!

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

So programming is gonna go from a "search, understand basics, copy/paste, make changes" industry to a "I breathe compiler optimization, pay me money" industry?

Can't say I'm that upset, it had to happen eventually. But this will only kick the brainpower down the road for the copy/pasters because they'll have a lot more time to dig in and specialize.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Lemmy is reddit 3.0. Early on, Reddit was basically only a website for tech nerds and misfits; atheism and jailbait were some of the most visited subreddits, idpol and divpol weren't a make-or-break-your-family issue back then but there were still a ton of terminally online furries (yes if you're a furry you're weird, but weird is fine, let that freak flag fly.) I'm including myself in the group of outcasts and misfits, and my freak flag flies in weird ways too. I've been on Reddit since the default UI was like this, although it hadn't changed much over the years before the redesign. Notice the quality of submissions though - it was a place for the intellectually curious.

But you have a large subset of users who use pedantry and grammar nazi`ism as a way to feel powerful when they're powerless. It's like picking on those lower than you, when you're in the bottom of the pecking order.

Those people saw reddit go from their bastion of freedom to the corporate ad-haven it is today and all came here. You also have a lot of younger people with the time to kill and are just trying something new.

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